If you have an unoccupied house and you want to place it for rent, the ideal is to make a Lease Agreement where all the terms of agreements between the owner of the real estate and the client who will rent the property agree. If you choose to elaborate it yourself, then we will let you know the important parts that your Lease Contract should have:
  1. The Generals of Law: Names and surnames, identification identification number, profession and marital status of both the Landlord (Owner of the Property) and the Tenant (Client). Note: People who are not interested should have a Power of Attorney for Representation to authorize them to sign this contract.
  2. Property Address: Here you specify the exact address of the property to be rented.
  3. Lease and Use of the Property: Here they are placed so that the property will be used, if it is for private housing use or for business, office, etc. This also establishes restrictions on the use of the same: (Example: The storage of toxic or flammable materials, or nitrous, explosive, flammable, insecticidal substances or substances harmful to health, or exercise in it industries or trades that are not allowed can produce that effect.).
  4. Contract effective date: The term stipulated in the beginning and end of the contract is normally a term of one year.
  5. Rental Fee: The amount of monthly or annual rent paid to the owner to use the real estate.
  6. Forms and Payment Date: Here the form in which the property will be paid is settled, in cash or deposited in a bank account, also the dates in which the corresponding payment of the lease fee will be made; also the deposit amount and the first month of the fee as an advance payment, to start the lease.
  7. Termination of Contract and Penalties: Here are established the causes by which the contract can be finalized, for example: Failure to pay the rental fee, breach of subsection no. 3, end the contract by the tenant without a just cause, etc.
  8. Additions, Changes and Improvements in the Property: Here are established the agreements or procedures to make the Additions, Changes and Improvements in the Property if the owner accepts the realization of them.
  9. Obligations of the Landlord and the Tenant: Here are established the obligations that both parties must have: Payment of agreed canon, payment of public services, maintenance and repairs of real estate, etc.
  10. Property Inspection: Here the dates of the property owner's visit are established for the sole purpose of estimating the good condition of the property.
  11. Diplomatic Clause: Here the anticipated termination of the contract and the proportional payment of the rent levy are established in cases where the Tenant (Client) is a diplomat, for example: From an embassy and that is removed in the cases: the client was transferred to another site inside or outside the country, cancellation of work contract or closing of operations.
  12. Arbitration: Here the arbitration of a company or entity that helps us resolve any dispute or conflict between both parties is established and the resolution will be complied with by the party that loses the case.
  13. Acceptance of the Contract: Here the place, date and signature of both the Landlord and the Tenant are established, accepting this contract in its entirety.